Ent News

State Governments Will Support Total Removal Of Fuel Subsidy- El-Rufai

Malam Nasir El-Rufai, the Governor of Kaduna State, has claimed that state governments are willing to assist the federal government in ending the gasoline subsidy regime.

El-Rufai delivered the guarantee during a presentation of the World Bank Nigeria Development Update, November 2021 edition, headlined “Time for Business Unusual,” on Tuesday in Abuja.

El-Rufai, a virtual panelist, stated that if the fuel subsidy scheme is not abolished, 35 of the 36 states of the federation may be unable to pay salaries in 2022.

He explained that kerosene, which is most significant to the general public, has been smoothly regulated, while diesel, which is most vital to carriers, has also been regulated.

In his words: “This hullabaloo about petrol is something that we must as a country have a conversation and agree that it has to end. We cannot continue to provide petroleum to our neighbouring countries, which is what we are doing.

“Why are we doing this? For whom are we doing it? Who is the beneficiary? Which is the cabal that is the beneficiary of this and why should they hold this country to ransom and bankrupt the Nigerian economy?

Right now, we are losing N250 billion a month and this has to end. State governments are committed to supporting the Federal Government on this.

“We do our bit, engage stakeholders and put the facts on the table so that everyone understands the danger the country is in if the subsidy continues, as well as the benefits that will accrue.

Not only to the budgets of the states and their capacity to deliver social services, but also what will go directly to the pockets of the poorest Nigerians that will bear the brunt of any withdrawal of subsidy.This is the position of the state governments and we met just a few days ago to take this position.”

Source:»

The post State Governments Will Support Total Removal Of Fuel Subsidy- El-Rufai appeared first on nsemkeka.

Related Articles

Leave a Reply

Back to top button